Bloomberg News

South Korea’s Producer-Price Inflation Eases to 3-Month Low

South Korea’s producer inflation
eased to a three-month low on falling costs of meat, electronics
and financial services, a report before the central bank’s
decision on interest rates today showed.

Prices rose 0.2 percent in October from a year earlier
after a 1 percent increase in September, the Bank of Korea said
in a statement today. They fell 0.7 percent from the previous
month.

The Bank of Korea will leave borrowing costs unchanged at
2.75 percent today, according to all 16 economists surveyed by
Bloomberg News, after cutting rates last month and in July.
Asia’s fourth-largest economy is showing some signs of
improvement as exports and output rebound, the Finance Ministry
said in a report on Nov. 6.

To contact the reporter on this story:
Eunkyung Seo in Seoul at
eseo3@bloomberg.net

To contact the editor responsible for this story:
Paul Panckhurst at
ppanckhurst@bloomberg.net